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and puma. i spoke exclusively with the ceo. he's one of the richest men in france, and he tells me washington needs to resolve this fiscal cliff issue if they don't want consumers to stop their spending ways. >> let me start with what's going on in washington. we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a simi
will flee if you tax the rich. and happening in france. he's leaving and headed to the tax haven belgium. for those pagan losers still paying half-- >> and help me out. i don't want a flu shot either. ♪ lso likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take actn, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. >> oh, the millionaires tax is costing france one of its finest actors, gerard depardu is leaving france, where taxed at 75% rate and he's moving to belgium and the tax rate there is only 50%. i'm trying not to laugh, charles, go. charles: one report said up to 300,000 people may leave and only impacts up to 30,000, if you're next, drama
to france? stay tuned for this dvd. and david french accent coming up next. that whopper, but of course. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. lori: how about a quick speed read of the other headlines, five stories, one minute, that is how it goes. u.s. immigration and customs enforcement auditing more countries than ever for illegal immigrants on the payroll. increasing from 250 in 2007, more than 3000 in 2012. projections showing movie attendance will end the year 5.6% after seeing two straight years of declines. not everybody is expected to be a winner with 3d attendance at family films posting a decline. "the hobbit" taking home 36.7 million over the weekend beating out the others. bringing in a total of $434 million in global ticket sales. according to the "wall street journal" some online retailers changed the strategy toward a consumer base on
in swiss francs. but because we are, again, operating in so many countries, having local costs, local currency costs as well as local currency revenues, we don't have any dilution of our profitability because of the strength of the swiss franc. so, actually, the more the swiss franc appreciates, you know, it has absolutely no effect on our profitability. it has an effect on the translation standpoint that it's stronger on the basis. >> okay. some interesting points. i think what's interesting is when you come here, we got a meeting today, kelly, of the account and they're going to approve pakistan later. but working on the bits of the doha rounds. one of the things that's going to be interesting is particularly the supply chaines and global exports. that's one of the things they think they can get pretty good progress on. for example, good at a port. why does the kaber have to be held up for sort of a week or two weeks and not put straight into the country? a lot of international countries saying that's a bigger hit on earnings than 1% or 2% in duty. it's getting this in the increasin
to an absolute tax revolution in a country like france, doesn't it? >> well, i think it's a big departure from french people, and overall population for sure. and a real tax revolt would be for them to kick, you know, the people who govern them and have been for all of these years out of power and actually truly market oriented. stuart: are you french? >> yes. you're speaking in terms of free markets in france. >> yeah, imagine that. stuart: wait a second, prime minister hollande, the prime minister for six months or something like that, the guy who instituted the 70% tax. >> he campaigned on it. stuart: and people voted him in. >> the irony, the 75% tax rate is called a patriot, you know-- which made me laugh because the french are everything, but patriotic. stuart: and you've got people like depardu leaving and people are saying he's a hero for leaving, and not paying the patriotic tax, that's a repudiation of the tax and repudiation of the socialists? >> it could be. remember, like he's not the first one to leave. so first left-- before that. >> and he went back after years and moved his--
the high taxes? in france, well move to belgium. french actor gerard d pechlt l pardieu says is doing that. he will welcome anyone from france who thinks taxes are way too enter us -- onerous who wants to follow in the actor's shoes to escape the high taxes the foreign minister says it is france's own fault if its citizens are leaving and they should accept the consequences, i agree. time to go off the desk. shaquille o'neal launching his own line of vodka. according to the "new york post" it will be called love shaq. luvshaq. our crew is giving it thumbs down. it might taste well. it will hit it next year. cocoa nut flavored vodka is sugar and gluten free it will have the nba star with giant wings. let's hope move into vodka successful than the rap career. liz: pitbull has its own vodka. i would rather that have. there is carmel vodka and cookly flavored vodka. not a vodka drinker. would you do that? david: i like good potato russian vodka. put it in the freezer. good stuff. liz: we'll see what melissa francis likes. she is next with "money"
of people mows and gimmicks. -- promos. lori: anything to make a buck these days. rich people in france and britain are saying bye to higher tax rates. are americans next? maybe not. tracy byrnes next on fox business. want to y to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understanthe difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage cocompany to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma!
>>frank: francs. this is on the libor manipulation charges. ubs must pay swiss regulators $59 million in profits because the regulator can't fine ubs. the fine from the fsa is the biggest ever, 160 million pounds, $1.2 billion will go to the u.s. regulators. so the second biggest fine that was ever handed to a financial institution. of course, following that $1.9 billion fine that was given to hsbc. what we do know is that the company is admitting criminal wrongdoing in its japanese arm because, you know, around 30 traders worldwide had manipulated the yen libor between 2005 and 2010. the ceo speaking this morning says, you know, despite the troubles in the japanese arm, he does not believe that there's -- the bank is going to be shutting down the operations in that country entirely. saying that 30 to 40 people have already left the bank. they also gave us a bit more information on what kind of impact this will have on profits. they see a fourth quarter net loss of around 2.5 billion swig franks. a full-year profit of 2.5 to 3 billion. and the most important part, why shares are trading up. they
to others across the country. in france. the government has thrown out a plan to tax the country's ultra-rich at a 75 percent rate. the tax was one of the president's campaign promises. however, a consititutional council says the amount was excessive. some felt that the tax would not solve the country's fiscal problems. and would only push wealthy people out of the country. france's most famous actor, gerard dep-ard-doo, recently moved to belgium to avoid taxes. meanwhile, unemployment in france rose in november for the 19th straight month. coming up on kron 4 news weekend, ??is "mcdreamy" trading in his scalpel for a coffee apron? we'll be checking out all things hollywood with all today's entertainment news in just a few minutes. music) >> from billie holiday. open >> she is so good she is going be playing at the new year's eve at the razz room >> it is great to have you. and i love hearing your music you can do all types of great sounds. can you tell me who inspired you? >> i started loving the little rascals and i also loved darla. [laughter] . i thought that you were going to say th
in a financial crisis and ms. lagarde, who heals from tax the rich, 75% france is lecturing america, very interesting. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word? >> and light tte candles. >> if you light them i will come. >> you have six children. >> as do you. >> leave me out of this. >> and others people say they can't afford it you're saying it doesn't matter if you can afford them or not. >> if the price tag of having a child scares you the most, you haven't done the right gut test. stuart: so, go ahead and have the children whether you can afford them or not. >> having children is the investment in the future. if we don't have children now and understanding
, french actor gerard depardu, he is leaving home, leaving france because of higher taxes and handed in his passport. now, the french prime minister has some choice words for mr. depardu. he's obviously in the happy with him and find out exactly what he said at ten o'clock eastern time this morning. time is money. 30 seconds, here is what else we've got for you, an in japan, again, a landslide win, so, what's the new prime minister going to do about the world's worst debt problem? print more money and stimulate more, too. build more infrastructure. will that work? we have our own resident japan expert. question, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washington po " post's" claim that the senate would be better with more women. i'm not done debating that. more coming up on this program today. and we want to hear from you as well. send your e-mails to varney@foxbusiness.com and we read them on the air. and we read all of them, by the way. i've got news, clearwire
class of course, and i will even throw in a stopover in tax happy france. here is how piers morgan puts his threat to leave, quote, i can spare those americans who want me deported a lot of effort by saying this, if you don't change your gun laws to at least try to stop these relentless tidal waves of murderous carnage then you don't have to worry about deporting me. i'll have my take on piers morgan in our next hour or so. clearly, i've got a dog in this hunt, i am english, i'm an immigrant, et cetera, et cetera, and i've got a strong opinion on pierce morgan. let's go back to kelly jane, what do you think of piers, my good fellow. >> is anybody crying about this, is anybody worried that piers morgan is it going to leave? you know, i hate to be -- i hate to be snarky, but i think that people were very surprised when he got that slot after larry king in the first place and his show has been most successful in giving people things to laugh at the day after. stuart: ooh, that was good, kelly jane. that was really nasty. . [laughter] thank you very much indeed. >> i love the english, i lov
know what. stuart: he went on a cheese shopping trip just before he exited france and went to belgium. charles: france has better cheese, but belgium has them on the chocolate. stuart: dagen and connell, it is your turn. connell: stuart varney, ladies and gentlemen. good morning, everyone. i am connell mcshane. dagen is off. we will have the very latest on the fiscal cliff face up. home sales out of the basement meantime. we may have finally turned the corner and housing. how you can cash in. that is just ahead. it is looking like a white christmas in the midwest. the retailers are not celebrating this by any means. it is the intercontinental exchange. that is what ice means. nicole: i like that. they do not have a name yet. we had both ceos on the fox business at work earlier today. moving to a new annual high today. they are making the move. they are making this purchase. this is at a 38% premium. i have to tell you, traders are not so happy about it. all right. let's take a look at the dow jones industrial. the markets are pretty much mixed. not too far off that unchanged line. con
much indeed. >> try this one, gerard depardieu is leaving france over higher taxes while he's willing to let go of his passport not going to give you up the frommage, that would be the cheese. ♪ >> gerard depardieu is leaving france and moving to belgium, but he's taking cheese with him. yep, he was spotted in a paris cheese shop yesterday and depardieu moving to anew high-- avoid new higher taxes in france. . >> and i love he's had a quintuple bypass and he's buying cheese. stuart: wait a minute, i didn't know he had a quinn ttuple bypa. >> and someone exercises their rights as a citizenship and avoids higher taxes and i say it [speaking french] . stuart: i any comment, charles. charles: he paid 145 million euros in taxes. 145 million euros in taxes and amazing. >> over 45 years. stuart: wow. charles: and i mean, this is a job creator that they're chasing out this have country and by the way, you know what else is going on, and the children of the rich are shipped out. even the rich in spain, the children all of them are saying to their kids study and live abroad. their foundation
it is confident that the waterway will remain open. a new report says champagne sales in france are down nearly 5% from last year. despite the weak sales, france still consumed the most to give more than 170 million bottles in the last year alone. that is the latest from the fox business network. giving you the power to prosper. ♪ with fidelity's new options platform, we've completely integrated every step of the process, to get a list of equ. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. dagen: pending home sales rising in november for a third straight month. now running at the highest level we have seen in two and a half years. will that continue? joining me now is anthony sanders. we have seen it all week and all the numbers lately. can it continue as we watch this fight go on down in defeat? >> the good news is, i think it can continue. just superlow inte
with what's happening there. >> okay, rick, huge in france. we know french economy not that good. women want to make some money during this period. france is strong for you. >> we've grown, almost doubled the company in the last five years in france. we're the biggest company of our kind in france. we're the largest seller of cookbooks in france. we had some issues the first two quarters, during the election, as you know, most of the consumers sat on the sidelines. we're starting to see it come back to life again. so we feel very good about france. ditto germany. >> isn't that incredible. >> rick, 52-week high when compared to avon. incredible. thank you so much for joining us. >> good to be here. >> good to see you. >> all right. stay tuned. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to ge
to raise the debt ceiling. dennis: what is a few hundred billion between france? coming up on our all-star panel, stop dithering in washington and get a deal done? cheryl: there's more hope for housing recovery. the national cessation of home builders now with the latest survey showing home builder confidence at its highest level since april of 2006. joining me is the ceo of the n h b and a lot of analysts were looking for that 50 mark and the index breaking through and what happened? >> just like everybody else, our members are watching the fiscal cliff discussions and potential implications of raising taxes on small businesses, small-businesses the 70% of the everybody else we are holding our breath and hovering just below 50%. cheryl: what do you remember about the mortgage interest deduction? that is on the table in the fiscal cliff, and you worry about housing? >> absolutely. with this recovery in release stages we are concerned about anything that would kill the markets and raising taxes on small business, and when the signs are positive, just a little more cautious than we thou
theater. i am melissa frances. lori: i am lori rothman. this is the real deal. no kabuki theater here. this takes the spotlight on capitol hill with the clock counting down, any chance plan a, b will pass in time? john boehner expected to speak about the cliff in 15 minutes, we will bring those compelling comments live. melissa: the national federation of independent business met with the president yesterday about the cliff. he will join us in a moment. american banks on guard for a new round of cyberattacks. your money could be at risk. we will talk to one cybersecurity expert who helps banks, stock exchanges or more protect themselves from attack. lori: a blockbuster deal for the intercontinental exchange, taking over the 200-year-old wall street institution in an $8 billion deal. charlie gasparino has new details. let's get updated on the markets, stocks belong. as we do every 15 minutes, we will check with nicole petallides. nicole: stock market bumping along not far off of the unchanged line so the dow industrials are up nine points worth a gain of 0.1%, the tech heavy nasdaq is
will have an opportunity. >> i think, though, of france. would you stay in france? >> of course we will. >> you see people moving out of france. >> we can have opinions about their policies. i think they're doing some things that are counterproductive, by the way, that they're finding that way. the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence of their policies are starting to be felt there now. we're not going to get out of it. it's a big gdp. we're very active there. some of the greatest companies in the world are french companies. >> i asked this of jamie, and it's an important question, given some of the reputational hit that goldman took ov
is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the major asian stock markets were higher overnight. and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime minister there. shinzo abe for stronger efforts to beat deflation. in the meantime, india's central bank kept interest rates on hold yesterday ignoring pressure to reduce borrowing costs. policymakers said they were shifting the focus to reducing the economy and that raises the odds of a rate cut as early as january. andrew olson, over to you. >> ubs reportedly nearing a fine of up to $1.5 billion. the bank is close to finalizing a deal with regulators according to the financial times. about three dozen bankers and senior managers are said to face criminal or civil charges. >>> and it's official th
growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight to ten years even on the crazy course we are on right now before we are anything like one of these european countries. this is still an amazingly powerful entrepreneurial place. i am betting on the entrepreneur and even though the government keeps making a mistake after mistake after mistake. >> i like the optimism but i have to disagree with you in terms of fourth quarter growwh. most economists say it we are doing ok now in the third quarter we did at least but the holiday quarter, the santa claus rally everybody spending money for the holidays but most economists save gdp will come down in the current quarter but you say it will go up. i don't know if i believe you. >> i think gdp will be weak in queue 4 probably under 1/2%. it could
and france. >>> pay for presidents of private colleges rose from the year prior. the president of the new school is the highest paid in the country. that is right here in new york city at more than $3 million. >>> national hockey league is canceling its regular season through december 30th, i know, due to lack of collective bargaining agreement. 526 games, more than 40% of the season has been canceled. that unfortunately is that [buzzer] that is end of today's speed read. liz: it is disgusting. it is horrifying. we don't seem to be any closer to a resolution on the fiscal cliff even though many are warning that the economy could face dire consequences if there is no agreement but one strategist says, why are you worrying about december 31st? that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was under better circumstances. you say the real cliff coming is bigger han the housing mess, bigger than the housing crisis we went through. it's the bond mess. spec
, more than the entire radio industry in the uk commentary view industry in france. just unprecedented level of royalties. liz: you have some conservatives in congress saying you shouldn't have congress dictating what should be royalty rates, it should be just left open to the free market. do you agree with that? >> we do not agree with that. radio in this country and around the world for decades has been subject to license because you cannot have tens of thousands of radio stations making individual agreements with hundreds of thousands of artists. it folds down fro for my market efficiency standpoint. we don't want congress to set the rates but we want them to put a structure in place that can consistently deliver rates that all parties, innovative services, all agree upon. liz: i cannot let you go without ringing up, and don't roll your eyes, but the stock moves every time it floats in the market. if apple were to enter the internet radio space you guys face these royalty issues effectively they have dealt with that through itunes and they would have so many names at listeners finge
. >> odds on whalt baby's name will be, top name for a girl, frances. top name for a boy, john. >> really? >> that's exciting. exciting names there. >> do you know what happens if it's twins? the first one that comes out is the heir, the second one that comes out is the spare unless the first one that comes out is a girl and the second one that comes out is a boy. the british have refused to change the rule that gives males precedence. >> they're working on that rule. >> they're working on it, but -- >> it may change. >> i don't think the queen is going to let them move that fast. >> they could grandfather it in. >> grandbaby it in. >>> a red line on syria. stern warning for president assad about using chemical weapons on his own people. >>> pictures surface of this, george zimmerman bloodied in the nose and mouth the night that trayvon martin was shot dead. [ male announcer ] it started long ago. it's called passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. so does aarp, serving americans 50 and over for generations. so i
be if this is the top. certainly you saw money moving to the safer area of the bond market, for example, france, so the prices rose in france and it pushed the yield below 10%. there you go, pushed the yield on the ten-year below 2%. that rally to the core, france and germany, as you might expect. as far as stocks are concerned, generally we're stuck below horizontal resistance on the dow jones stock. if we break above that, it could be significant. ? we fail it could be significant. earlier in in china on the comment we got from the new head of the communist party, you have the best gains in three months on the chinese market. that fed automatically into the miners in europe. there has been some selling into it, but still broadly they are still higher. i do want to mention a couple corporate stories. apple is clearly down, margin requirements are being raised on some of those -- for some people who are extending apple shares, but nokia has had a very good day today. it's launched two phones, one priced at $249 to bring it light slid lower price for most people. most importantly launched a phone in
. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on
is set to open below 13,000. markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if thi
in the world. france, 2.08. the u.s., 2.06, ireland, 2.01. in red, they're looking at next generations that will get smaller and smaller and smaller. the uk, well under 2. china, 1.55. we know they've actually implemented policies because they want to control population. in the bigger picture, fooling around with mother nature in this way could have hugely negative consequences. russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the horsepower from global growth will come from and this at some point needs to affect the picks in your stock portfolio. back to you. >> rick, i'll take it from you, rick santelli. >>> even starbucks is worried about the fiscal clif
before the house gavels in at 2:00 p.m. eastern. [applause] >> ladies and gentlemen, france, -- friends, this is a singular honor to be a guest in this temple of civic life. thanks to all the good people for making this possible, to my publisher, the staff that are manning the barricades outside. my novel is debt crisis and the future of the world economy. i will be arguing that there is no such thing as a debt crisis. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you ha
rates at 90% or 75% like france is doing, they'll listen. thanks, alan simpson. >> we applaud your efforts there, senator. good job. all right. we'll come back with the closing countdown. market still losing altitude. up just 94 points. >> after the bell, he said there will be no fiscal cliff deal without higher tax rates. find out if treasury secretary tim geithner thinks going over the deal is a better option than compromising on revenue. he joins us at 4:00 p.m. eastern. you're watching "the closing bell" on cnbc, first in business worldwide. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market'
yet. scott, i have a question for you. just noticed today france and germany's stock markets hit 52-week highs. we're still wringing our hands over the debt crisis, and the equity markets are hitting new highs for the year. is it too late to get into those markets? >> i don't think so, bill, at all. all the european markets are up for the year except portugal, which is up slightly. even greece is up year to date. i don't think you're too late on that trade at all. in fact, i think, quite frankly, the structural changes that are happening in europe could produce growth for many years come. >> where are you putting money to work, george? >> the fiscal cliff is sort of the uncertainty du jour. people are always worried about next uncertainty. you need to blow past that and think about where the next good stocks going to be, how can i invest, how can i participate? taxes are likely to go up, but this is a lot of rattling. both sides of the aisle would come together. they'll figure out what's best. at the end of the day, they know they have to help the little guy, the consumer. pool corp
in switzerland, netherlands, sweden, france, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with their intransigence and anger, we were about to have an explosion in earnings. retail was as strong as i've seen it in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're running short of office buildings, shopping centers, apartments, homes, these are the hiring sectors, all this blather about helping the small businessman of subchapter "s" for private and middle class, you want to help them? give them a deal, any deal, just get out of our way for heaven sakes. our country is starting to get so competitive, again, that businesses building things over there now want to build them here. tim cook tells brian williams that his company's going to make macs in this country. we're better than china. meanwhile our energy costs are plummeting courtesy of the cleaner, cheaper fuel, natural gas. so cheap here it can be
're slowing down in the fourth quarter. i was just in europe. they are in a deep recession. france and germany are going recession. japan's already in recession. they are doing the same thing the democrats want to do here. put on new taxes, and they are just putting their economies in a death spiral. >> this is no time for austerity is what you're argueing? >> what i'm arguing is don't put extra taxes on the economy. we know from europe and japan that does not work. >> okay. >> howard? >> i don't think we ought to kick the can down the road any further. we have a huge deficit. frankly i think ben bernanke has done very, very well stimulating the economy without government interference. i think the thing to do is go right over the fiscal cliff. you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way i think they will like it >> you don't think going
. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up. he accepted that. i want to know if his opinion is modified or is he considering laying off tax and business investment for fear that it will give us less of it. >> two very interesting questions there about what effect a change in taxes does to behavior. i think you can't deny the fact that it does change behavior. is there right. it is very complicated math. when they start saying it is math, it is really complicated math. you show me someone who can do that study -- >> it goes back to that idea, you raise a tax on something, you'll get less of it! >> no doubt about it. >> jim iuorio, thank you. >>> reminder
. hong kong 52-week high. german 52-week high. france 52-week high. bombay, india, 552-week high. not a lot of rosy news out there, i know it sounds word to see all these stock markets with 52-week highs. there's not a lot of good news, and yet, still, we get record yields. we had a french bond auction, i don't normally talk about the french bond auctions, but i have to note, 1% on a six-year? record low yields, 1.27 low on a 7 year. the 15-year they had was record lows. we have this poor outlook, we still got the bond market flying, prices are way up here, the ecb's got everybody's back. a remarkable move in europe, a lot of people have been wrong and betting against him and been wrong. and a key point of course is central bank activism all over the world is helping prop up bonds and stocks, bank of japan, bank of england, federal reserve, the ecb, everybody out there has basically got bond investors back at this point. important thing moving on about the fiscal cliff. the biggest story passed around here this morning was the politico article where they finally put a name on mak
five, france. taxes are an issue there. i think the election of francois alaund and his rate on the top end as well as some of the other things he's doing in france, lowering the retirement age, this is sort of a litmus test in some ways and it's important. maybe richard can tell me i need to learn more about the british tax code. icons on the edge. a number of names you know at home, jcpenney, best buy stock has been hammered, the maker of the blackberry, once iconic, now struggling. >> they're gone. >> they're not gone. >> last one. congratulations. >> they're struggling, and i think it's the end of an era for some companies. the $25 billion bank settlement, a huge deal. some people said it was not enough. whatever your thoughts are, it was a big story. facebook, you remember them? they have come back in the last six weeks. everyone thought this was an ipo that was going to soar. >> who manages that company? >> mark zuckerberg. that guy right there. >> poorly, i would submit. >> he built it, so who are we to judge, right? maybe the public company is a different story, but that ipo flo
day google france you can't build your own app friends you define your own app. >> juice content and that france and th app is ready to install owe created this apph some of my friends who have a similar goal. as time goes on we can encourage each other. >> if that is your new year's resolution it can get that accomplished on and they want. >> a lorry segall laue segtal. gall. >> a program reminder coming up at the kron 4 news dr. phil. you could get a brand new episodes weekdays at 4 in the afternoon. >> welcome back to the kron four normorning news. >> time for 38 and a list of worst to be banished from the queen's english or misuse, overuse and general usefulness you--use less nsf and this will alert spoiler is on oone of the words on that list. >> others include kick the can down the road, trending and bucket list. super food, a ballroom, jock there is a double down. >> the for is receiving the most votes is a cliff. >> the non-binding tongue in cheek list is released every year by northern michigan's lake superior state university. >> kim karsashian is 12 weeks longer pregna
. shareholders have agreed on a deal designed to make the eads more independent and will hand germany and france an equal 12% stake in the company. and timothy geithner has told the cnbc the swhous ready to go over the fiscal cliff if tax rates on the nation's wealthiest don't rise. dag gri announces the rate decision later about plus apple shares still down in frankfurt. and its shares of the chinese market drop in the third quarter. >>> deutsche bank has hit back at allegations of financial impropriety brought by three former employees. according to reports, the ex-deutsche workers have launched a complaint with u.s. authorities alleging the bank failed to recognize $12 billion in unrealized losses at the height of the financial crisis. they claim improper accounting on the part of the deutsche bank enabled the lender to exaggerate its capital position. and citigroup plans to shed 11,000 jobs around the world which equals around 4% of its workforce. some experts say this is part of a strategy led by their new coe who took job in october, however others say it has the finger prints of chairman
is expected of shooting three people and the darts charger as they went south on 1 loss and avenue of france. authorities believe that he targeted that car because of road rage or a previous dispute. all three people in the dards chargers suffered minor injuries in that shooting. authorities in contra costa county have arrested a 38 year-old homeless man in the strangling death of another man at a homeless camp in concord. james riley was arrested on suspicion of homicide yesterday after a fight left 47 year-old gerald nagle dead at the homeless can. it is unclear why the two men were fighting in the first place. riley is currently being held at the right team as jail. >> the bizarre sight of a millionaire damp john mcafee has got an even stranger. these new pictures show him being taken to hospital in guatemala. he reportedly collapsed after being told he would not be granted political asylum. mcafee is the founder of the company that bears his name. he has been on the run for three weeks wanted for questioning in the shooting death of his neighbor. mcafee is being treated for stress hypert
short. >> i had a chance to see a lot of my family in france. >> the holiday has been really good. >> i was here visiting my brother and our family was out of minnesota. >> for those of you who are leaving and for the most part of the airport manager told me that the are arriving flights are on time. if they stated that the only delays are for those that are headed to newark. they are at an hour delay. this is the pitcher perfect way to end a vacation is for you to our arrived home safely. >> officials have been scrambling to repair a levee in east palo alto that was breached during heavy rains over the weekend. crews placed sandbags where the san francisco creek topple the levy. sunday is the flooding forced people in seven homes to evacuate. kron4 alicia reid is in east palo alto with the latest period >> this has collapsed and the home behind it is clearly cleared out. >> a weekend of flooding caused-- >> the next couple of days our staff will be working with the owners in order to begin some of the repairs that are necessary. >> six other families were evacuated and there now and ho
't affect the millionaires. they had to dial back. in france, of course, in all these countries and italy and other countries excise tax. they went in first. the cuts came after that, whatever meager cuts. that was growth of the growth off the growth. melissa: right. >> the lesson to be learned from europe isn't to be careful on cutting. it is to be careful on hike being, on hiking taxes. the beast is the government, in my opinion here. the beast is the government. you don't reward the beast by giving it more food, more dollars. that's what i near is going on here. melissa: yeah. lori: the president's desire to get rid of the debt ceiling limit at all, what kind of ramifications, what could happen? are we looking at another debt downgrade? a second downgrade could be really, really -- >> here is what i agree with him. this charade we go through every few months on the debt limit. republican presidents, democratic presidents, mark zandi from moody's it does damage our credibility. i agree to something like that. i didn't like fiat saying i will handle the debt thing. that would be like let
lori rothman and melissa frances and in the next hour. there should be comments about what you have on your television screen. dennis: that is a former senator. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in thfirst place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wondero many investors are saying... [ all ] i'm with scottrade. %3 melissa: good afternoon, i am melissa francis. lori: i am lori rothman. the president saying we can get a fiscal cliff deal done in one week but wall street not so sure. recession warning coming up.
. and samsung withdrawal requests for injunctions against apple in germany, the netherlands, italy, france and the u.k. after a federal judge yesterday denies apple's request to ban sales of samsung's smart phone found to illegal use apple technology and instantgramm says it has the right to sell your photos without payment for notification and there is no way to opt out. move such to take effect on january 16th and the policy coming from three months after facebook completed its acquisition of the photo sharing sight. that is the latest from fox business giving you the power to prosper. ashley: budget talks in washington dominating headlines. our investors overlooking the bigger global threat than the fiscal cliff? joining us doug cote, chief market strategist withing investment management. always spending too much time worrying about the fiscal cliff and what worrres you on the global scale? >> fundamental you shouldn't focus too much on politicians anyway, what we are looking at is paying attention to the fundamentals of corporate earnings, what matters to companies and what we have see
, and people who create capitol, invest capital. we have seen in europe and france especially, that kind of thing does not work. he does not have a mandate to hurt the economy which is the way the republicans should phrase this thing. why harm the economy now. lori: edges of the economy fall off the cliff to iraq or raising the tax on the wealthy. >> with the republicans should do, making the point they're raising taxes is a bad thing to do, let's postpone this bank. better to do that than to give poison to the patient now. our economy is starting to slow again. give people pause. when you do things in a rush to do things you don't anticipate. lori: our viewers know that you ran twice for president, republican, of course. you made your name many ways, but with your proposal for a flat tax, fair tax. just this week you were on capitol hill. how is your fair tax proposal in this environment being received this time around? >> people know we have to simplify the tax code. if the president wants to rise to greatness what he should do a state the emerging consensus among democrats, signing on
france titles could now lose the bronze medal he won back in 2004 during the olympic games. we will keep you posted. dennis: netflix shares falling to do a bit after 14% surge yesterday on the new deal with disney. netflix will pay $300 million per year ende and compete with o and showtime. focusing on original shows such as hbo boardwalk empire and showtime's homeland. the cost of the deal and how exclusive it really is. and for the coffee addict who has way too much money to spend, there is this. $450 starbucks gift card made of stainless steel. only 5000 are being made and you can buy it only on guilt.com on friday. one key question, what do you do when you've used it up. frame it or refill it? airing from 1967 until '75. in television, nothing succeeds like the trend. cheryl: because hawaii 50 has been a huge success. they thought it would be horrible. huge ratings. dennis: the long tail. cheryl: i will send a media thing for. korean pop singer psy whooping it up "gangnam style" all the way to the bank with 1 billion views on youtube. the hit songs now said to make psy a multimillion
at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy is rebounding more than expected. >> the exports. >> yeah. >> among the catalyst in asia trading today, economic stats out of china. export growths slowed sharply to 2.9% in december. that news j underscores the global headwinds dragging on the economy. but the chinese economy is showing solid signs of a pick up in domestic activity. industrial output was stronger than expected. the country has been saying for years it needs to shift a little bit from the export model the internal consumption. let their middle class grow and not be nearly as dependent on exports. and china's
in the euro. primarily the swiss franc raising deposit rates, which swiss franc deposits can be held. a gain in the euro. the first day of the two-day fed meeting, where it's widely anticipated the fed will embark on further stimulus action. >> it will be hard to say how expansionary that move is. if you're ben bernanke, why would you throw a curveball at this hour. we'll see. that press conference, a little more than 24 hours from now. >> we're continuing e inine ini more on trip adviser. look at the cnbc realtime exchange. we did see the features point to a higher open. here at the big board, coca-col coca-cola -- [ bell ringing ] >> and ringing the bell there. trip adviser, interesting deal, because the pricing at which the shares were bought. >> you've got to remember, of course, you have a change in voting control. it had been controlled by barry diller, it will now be controlled by liberty media. they will own 22% of the economics of trib adviser, but 57% of the total votes of the company, effectively controlling the company. so any thoughts you might have as a shareholder in erms it o
and gentlemen, france, -- friends, -- her work focuses on the intersection of law, business, and morality. she has been a speaker and panelist for events and organizations around the world, including the clinton global initiative. in 2012, she was named a top observer of the economy by the agenda at product. her newest book is the "shareholder value meth -- how putting shareholders' first harms' investors, corporations, and the public." that as a tablet find irresistible. please welcome -- a title i find irresistible. please welcome the professor. [applause] >> thank you, for that and kind introduction. let me start with what an honor it is, especially students in the clinton school. i have a master's from the school of public policy -- a similar degree. i have always found it amazing i have been able to carve a career for myself, as you are doing. and thinking about how the world could be made a better place. for those of you at the clinton school, i think there is frankly no more rewarding thing that you can do. my appreciation for you. thank you very much for inviting me. speaking of making
three indexes is the dax in germany. up 75. you also see gains with the cac in france and the ftse in london. in asia overnight, you did see slight drop by the hang seng and shanghai, those were big gainers the day before. and in japan, the nikkei up by 0.8%, kospi up 1%. oil prices this morning are trading up about 28 cents, 88.16. the ten year note this morning is sitting right at 1.85%. you to you see pressure on the yield. dollar down once again today. the yen at 82.37. and the euro at 1.30777. and gold prices at this point are up 1.20. $1659 and ounce. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm supposed to do what to myself? no, that's not boehner. >> on the economic fron
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